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Posts Tagged ‘Kazakhstan’

Exxon attacks Kazakh oilfield delays

ExxonMobil, the world’s biggest listed integrated energy group, yesterday blamed the government of Kazakhstan for delaying the development of the world’s biggest new oilfield, significantly raising the level of acrimony surrounding the troubled project.

Oil lubricates high-level links

In its attempt to take back control of its most precious resources, Russia dismantled Yukos, its most promising independent oil company; played hardball with Royal Dutch Shell in Sakhalin and appears to be making similar moves on TNK-BP.

Kazakh superfield delayed yet again

Of the 15 former Soviet republics, Kazakhstan is sitting on the sole “superfield” discovered in the last three decades. With proven reserves of 35 billion barrels, Kazakhstan potentially contains the world’s third largest reserves of oil, after Saudi Arabia and Iraq.

Oil Exporters Are Unable To Keep Up With Demand

“The sense in the market is that peak oil is here and that things will only get worse,”…

Sulphur price soars on fertiliser demand

“Shell is one of the most-efficient producers of sulphur,” Barry Clarke, a sulphur market analyst for Pentasul, said. Shell produces about 3.5 million tonnes of sulphur, much of it from its Canadian oil sands business, and its cost, Mr Clarke reckons, is merely the rail freight cost of getting the sulphur to a port, about $25 a tonne.

Prince Andrew forced to defend decision to sell his palatial English mansion for £3 million above asking price

As part of his role as trade ambassador, Prince Andrew has been involved in brokering energy deals for British companies in Kazakhstan. Labour MP Ian Davidson said the property sale raised questions over whether there were any strings attached.